Credit card Charges Increased today: This news is very important for the credit card holders and customers of ICICI Bank. The bank has revised the charges for credit cards from February 10.
If your credit card balance is less than Rs 100, there will be no late fee. In addition, a late fee of Rs 100 will be charged on the dues between Rs 100- Rs 500.
At the same time, Rs 500 will have to be paid as late fee on the arrears of Rs 501-5000. There will be a late fee of Rs 750 for credit card dues up to Rs 10,000 and Rs 900 for balances up to Rs 25,000.
Rs 1000 for up to Rs 50,000 thousand and Rs 1,200 as late fee on outstanding balance above Rs 50,000. Apart from this, there will be a charge of Rs 500 for cash withdrawal up to Rs 20 thousand from ICICI Bank credit card. Withdrawals above this will attract a late fee of 2.5 per cent.
The lender also has a fixed fee of 2% (minimum ₹500) of the total amount due for return of checks and auto-debit. In case of check return, the bank will now charge 2% of the total amount payable with a minimum of ₹500.
Late charge on different bill amounts
- On bill amount less than Rs.100 – No charge
- Between Rs.100 to Rs.500 – Rs.100
- Between Rs 501 to Rs 5000 – Rs 500
- Between Rs 5,001 to Rs 10,000 – Rs 750
- Between Rs 10,001 to Rs 25,000 – Rs 900
- Between Rs 10,001 to Rs 25,000 – Rs 1000
- Above Rs 50,000 – Rs 1200
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